Delaware		95-1840947
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

225 North Barranca Avenue, Suite 200
West Covina, California		91791-1605
(Address of principal executive offices)		(Zip Code)

				Page No.
Part I.		Financial Information:
Item 1.		Financial Statements:
		Condensed Consolidated Statements of Income—Three and Six Months Ended June 30, 2002 and 2001		1
		Condensed Consolidated Balance Sheets—June 30, 2002 and December 31, 2001		2
		Condensed Consolidated Statements of Cash Flows—Six Months Ended June 30, 2002 and 2001		3
		Notes to Condensed Consolidated Financial Statements		4
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		7
Item 3.		Quantitative and Qualitative Disclosures About Market Risk		15
Part II.		Other Information:
Item 1.		Legal Proceedings		16
Item 4.		Submission of Matters to a Vote of Security Holders		16
Item 6.		Exhibits and Reports on Form 8-K		17
		Signatures		18

		Three Months Ended June 30,								Six Months Ended June 30,
		2002				2001				2002				2001
		(in thousands except per share data)								(in thousands except per share data)
Operating Revenues		$	32,746			$	27,838			$	60,914			$	51,053
Operating Expenses:
Direct operating expenses			24,752				20,787				46,370				38,547
Selling, general and administrative expenses			5,845				4,109				10,249				7,688
			30,597				24,896				56,619				46,235
Operating Income			2,149				2,942				4,295				4,818
Other Income (Expense):
Interest expense			(1,063	)			(795	)			(2,219	)			(1,787	)
Interest income			12				13				32				32
Water related cost reimbursement (Note 4)			1,616				—				1,616				—
Other (Note 6)			164				563				1,144				523
			729				(219	)			573				(1,232	)
Income Before Income Taxes			2,878				2,723				4,868				3,586
Provision for Income Taxes			1,008				1,035				1,704				1,363
Net Income			1,870				1,688				3,164				2,223
Dividends on Preferred Shares			7				7				14				14
Net Income Available for Common Shares		$	1,863			$	1,681			$	3,150			$	2,209
Earnings per Common Share (Note 3):
Basic		$	0.20			$	0.19			$	0.34			$	0.25
Diluted		$	0.19			$	0.18			$	0.32			$	0.23
Cash Dividends per Common Share (Note 3)		$	0.06			$	0.06			$	0.11			$	0.11
Weighted Average Outstanding Common Shares (Note 3):
Basic			9,257				9,041				9,230				9,004
Diluted			9,962				9,472				9,863				9,437

		June 30, 2002			December 31, 2001
		(unaudited)
		(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents		$	798		$	789
Customers’ accounts receivable, net			15,918			21,443
Other current assets			12,491			8,939
			29,207			31,171
Property, Plant and Equipment:
Utility group property, plant and equipment—at cost			228,266			218,696
Services group property, plant and equipment—at cost			14,325			14,317
			242,591			233,013
Less accumulated depreciation and amortization			64,721			61,889
			177,870			171,124
Other Assets			25,130			22,891
		$	232,207		$	225,186
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Current portion of long-term debt and bank lines of credit		$	1,426		$	5,029
Accounts payable			3,692			6,211
Other current liabilities			17,139			15,127
			22,257			26,367
Long-Term Liabilities:
Long-term debt			43,991			44,200
Bank lines of credit			14,244			13,863
Advances for construction			7,999			7,482
			66,234			65,545
Deferred Credits:
Contributions in aid of construction			61,073			53,619
Deferred income taxes			8,990			8,354
Other liabilities and deferred credits			15,986			16,346
Total Liabilities and Deferred Credits:			174,540			170,231
Stockholders’ Equity:
Preferred stock			513			513
Common stock			93			92
Paid-in capital			38,398			37,663
Retained earnings			18,663			16,687
Total Stockholders’ Equity			57,667			54,955
		$	232,207		$	225,186

		Six Months Ended
		June 30,
		2002				2001
		(in thousands)
Cash Flows From Operating Activities:
Net income		$	3,164			$	2,223
Adjustments to reconcile net income to net cash provided by (used in) operating activities			3,664				(645	)
Net cash provided by operating activities			6,828				1,578
Cash Flows From Investing Activities:
Additions to property, plant and equipment			(9,142	)			(8,539	)
Other investments, net			(835	)			—
Net cash used in investing activities			(9,977	)			(8,539	)
Cash Flows From Financing Activities:
Contributions in aid of construction and advances for construction			7,728				1,914
Net proceeds from dividends reinvestment plan, employee stock purchase plan and stock options plan			581				481
Repayment of long-term debt			(2,209	) </